UMB Financial Corp. (NASDAQ:UMBF) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $58.97 and last traded at $58.71, with a volume of 44,904 shares. The stock had previously closed at $58.35.

A number of equities research analysts have issued reports on the stock. TheStreet upgraded shares of UMB Financial Corp. from a “hold” rating to a “buy” rating in a research note on Tuesday, May 24th. Zacks Investment Research downgraded shares of UMB Financial Corp. from a “hold” rating to a “sell” rating in a research note on Thursday, July 14th. Raymond James Financial Inc. upgraded shares of UMB Financial Corp. from an “underperform” rating to a “market perform” rating in a research note on Thursday, April 28th. Bank of America Corp. reiterated a “buy” rating and set a $60.00 price objective on shares of UMB Financial Corp. in a research note on Tuesday, May 24th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of UMB Financial Corp. from $52.00 to $53.00 and gave the stock a “market perform” rating in a research note on Thursday, July 28th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $60.50.

The company has a market cap of $2.90 billion and a P/E ratio of 22.87. The firm’s 50 day moving average price is $55.70 and its 200-day moving average price is $53.51.

UMB Financial Corp. (NASDAQ:UMBF) last issued its quarterly earnings results on Tuesday, July 26th. The company reported $0.76 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.02. During the same period last year, the firm posted $0.65 earnings per share. The company earned $242.70 million during the quarter, compared to analysts’ expectations of $240.10 million. UMB Financial Corp.’s quarterly revenue was up 11.9% compared to the same quarter last year. Analysts anticipate that UMB Financial Corp. will post $3.08 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 3rd. Investors of record on Friday, September 9th will be paid a $0.245 dividend. This represents a $0.98 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date is Wednesday, September 7th.

In related news, insider Michael D. Hagedorn sold 7,573 shares of the business’s stock in a transaction dated Wednesday, May 25th. The stock was sold at an average price of $57.43, for a total value of $434,917.39. Following the sale, the insider now directly owns 68,632 shares in the company, valued at approximately $3,941,535.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Michael D. Hagedorn sold 13,769 shares of the business’s stock in a transaction dated Tuesday, May 24th. The shares were sold at an average price of $57.57, for a total value of $792,681.33. Following the completion of the sale, the insider now owns 64,660 shares in the company, valued at $3,722,476.20. The disclosure for this sale can be found here.

Several large investors recently made changes to their positions in the stock. RS Investment Management Co. LLC boosted its stake in shares of UMB Financial Corp. by 18.1% in the fourth quarter. RS Investment Management Co. LLC now owns 1,082,587 shares of the company’s stock valued at $50,394,000 after buying an additional 165,715 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of UMB Financial Corp. by 4.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,364,242 shares of the company’s stock valued at $63,509,000 after buying an additional 64,130 shares in the last quarter. State of Tennessee Treasury Department bought a new stake in shares of UMB Financial Corp. during the fourth quarter valued at $1,522,000. Principal Financial Group Inc. boosted its stake in shares of UMB Financial Corp. by 4.5% in the fourth quarter. Principal Financial Group Inc. now owns 281,178 shares of the company’s stock valued at $13,089,000 after buying an additional 12,072 shares in the last quarter. Finally, California Public Employees Retirement System boosted its stake in shares of UMB Financial Corp. by 1.4% in the fourth quarter. California Public Employees Retirement System now owns 84,639 shares of the company’s stock valued at $3,940,000 after buying an additional 1,200 shares in the last quarter.

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